St Francis Springs Prayer Center Inc

Analysis

St Francis Springs Prayer Center Inc is a registered charity in United States, based in Stoneville, NC. It received its IRS tax-exemption ruling in June 2003, 23 years ago. Its declared purposes cover religion-related, which this site groups under religion. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2024, St Francis Springs Prayer Center Inc reported income of $1.2m and spending of $1.2m, spending 99% of its income. Across the 5 years on record, from June 2020 to June 2024, income grew from $706k to $1.2m (+72%), an average of +14% a year. The sharpest change came in the year to June 2022, when income rose by 66%. Over the whole period it spent 103% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, St Francis Springs Prayer Center Inc sits at the 93rd percentile: it is larger than about 93% of them. Against every charity in United States with reported income it ranks in the 81st percentile, and in the 82nd percentile within NC. Charities of a similar size with the same main cause include The Center for Integral Wisdom ($1.2m), Worldharvest ($1.2m) and Noah Arc Community Development Corporation Inc ($1.2m).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 22% and program service revenue 83% of the total. Other salaries and wages came to $448k. At year end it held assets of $6.3m against liabilities of $2.3m, net assets of $4.0m. It reported 20 employees.